Volatile Corrosion Inhibitor Vci Film Market
Volatile Corrosion Inhibitor (VCI) Film Market Forecasts to 2030 - Global Analysis By Type (Stretch Films, Shrink Films, Polyethylene Films and Other Types), Material, Packaging, Functionality, Application and By Geography
According to Stratistics MRC, the Global Volatile Corrosion Inhibitor (VCI) Film Market is accounted for $1.6 billion in 2024 and is expected to reach $2.5 billion by 2030 growing at a CAGR of 7.8% during the forecast period. Volatile Corrosion Inhibitor (VCI) film is a protective packaging material that prevents metal corrosion during storage and transportation. It is infused with corrosion-inhibiting compounds that vaporize, creating a protective layer on metal surfaces. This layer prevents moisture, oxygen, and other corrosive elements from reacting with the metal, halting the rusting process. VCI films are made from polyethylene or other polymer bases, making them flexible, lightweight, and easy to use.
Market Dynamics:
Driver:
Increased demand for corrosion prevention
As industries like automotive, aerospace, electronics, and oil and gas grow, the need to prevent corrosion in manufacturing processes and supply chains becomes more critical. This has led to a significant expansion of the VCI film market, as more industries recognize its cost-saving potential in preventing corrosion and associated costs. VCI films are becoming a staple in corrosion management due to their high demand for corrosion-resistant components in these sectors, particularly in demand for protecting parts and equipment during transit and storage.
Restraint:
Environmental concerns
Governments worldwide are implementing stricter environmental regulations on plastics, packaging materials, and hazardous chemicals. VCI films, which often contain plastic polymers, contribute to plastic pollution. The Plastic Waste Directive limits non-biodegradable materials, forcing manufacturers to modify their products or face penalties. Volatile corrosion inhibitor, released to protect metal surfaces, can harm air quality and contribute to ozone depletion and smog formation hampering the market growth.
Opportunity:
Advancements in volatile corrosion inhibitor film technology
The demand for VCI films has led to the development of advanced materials and functionalities, enhancing corrosion protection under harsh environmental conditions. These films now offer extended protection times, higher volatility, multi-metal protection, and resistance to high-temperature or high-humidity environments. Smart technologies, such as sensors and indicators, are also being integrated into volatile corrosion inhibitor films to track the effectiveness of corrosion inhibitors and monitor packaging integrity over time.
Threat:
Availability of alternative corrosion prevention solutions
The global focus on environmental sustainability is leading to a shift towards eco-friendly alternatives to traditional volatile corrosion inhibitor films. Industries are seeking biodegradable, non-toxic, and recyclable corrosion inhibitors that don't rely on plastic or hazardous chemicals. This shift threatens the market for conventional VCI films. Alternative materials like paper-based packaging and plant-based biodegradable films are seen as more sustainable and environmentally friendly, reducing demand for volatile corrosion inhibitor films.
Covid-19 Impact
The COVID-19 pandemic disrupted the Volatile Corrosion Inhibitor (VCI) film market by causing supply chain interruptions, labor shortages, and a slowdown in manufacturing across various industries. With reduced production and delayed shipments, demand for VCI films, particularly in sectors like automotive and aerospace, declined. However, as industries recovered and manufacturing resumed, the market saw a rebound. Increased focus on safe packaging during transportation and storage also led to a gradual rise in VCI film adoption post-pandemic, though challenges remained in the short term.
The stretch films segment is expected to be the largest during the forecast period
During the forecast period, the stretch films segment is anticipated to register the largest market share owing to providing a physical barrier and corrosion protection. This dual-layer approach gives VCI film manufacturers a competitive advantage by positioning their products as part of an all-encompassing solution, rather than just a standalone product. This comprehensive protection allows businesses to protect their goods from both physical damage and corrosion.
The reusable films segment is expected to have the highest CAGR during the forecast period
The reusable films segment is expected to witness substantial growth during the projection period owing to the surge in demand for hybrid packaging solutions that combine the physical protection of reusable films with the corrosion protection of VCI films. This approach would offer cost-efficiency and reusability benefits for the outer layer, while still providing effective corrosion protection with VCI films, thereby benefiting industries in shipping and handling driving the market growth.
Region with largest share:
The North America region is anticipated to account for the largest market share during the forecast period driven by reshoring and domestic revival efforts, has led to a surge in corrosion protection solutions like VCI films. As the region shifts towards localized production and supply chains, there's a growing need for effective corrosion prevention during storage and shipping, particularly for products transported globally.
Region with highest CAGR:
During the estimation period, the Asia Pacific region is forecasted to record the highest growth rate owing to China, India, Japan, and South Korea, is experiencing significant growth in manufacturing activities, including automotive, electronics, machinery, and heavy equipment. This growth is driving a demand for VCI films to prevent corrosion of metals and equipment during transportation, storage, and long-term storage. For instance, the rapid expansion of automotive manufacturing in these countries has increased the need for corrosion protection.
Key players in the market
Some of the key players in Volatile Corrosion Inhibitor (VCI) Film market include Aicello Corporation, Armor Protective Packaging, Branopac, Cortec, Daubert Cromwell, Inc., Harita-NTI Ltd., MetPro Group, Nantong Yongyu Anti-Rust, Nokstop Chem, Propagroup, Shenyang VCI, Superior Industries, Inc., Zavenir Daubert, Crayex Corporation, Patkar Extrusiontech (Pvt.) Ltd and Intertape Polymer Group.
Key Developments:
In November 2024, Aicello Corporation and Aicello-Harke GmbH announced their participation in SEMICON Europa. The collaboration focuses on developing and producing clean technology solutions, including containers and packaging materials, to meet the stringent requirements of the microelectronics sector.
Types Covered:
• Stretch Films
• Shrink Films
• Polyethylene Films
• Other Types
Materials Covered:
• Polyethylene
• Polypropylene
• Polyvinyl Chloride
• Other Materials
Packaging’s Covered:
• Bags & Pouches
• Sheets
• Rolls
• Other Packaging’s
Functionalities Covered:
• Single-use Films
• Reusable Films
Applications Covered:
• Automotive
• Electronics & Electrical
• Aerospace
• Metal Processing
• Construction
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Volatile Corrosion Inhibitor (VCI) Film Market, By Type
5.1 Introduction
5.2 Stretch Films
5.3 Shrink Films
5.4 Polyethylene Films
5.5 Other Types
6 Global Volatile Corrosion Inhibitor (VCI) Film Market, By Material
6.1 Introduction
6.2 Polyethylene
6.3 Polypropylene
6.4 Polyvinyl Chloride
6.5 Other Materials
7 Global Volatile Corrosion Inhibitor (VCI) Film Market, By Packaging
7.1 Introduction
7.2 Bags & Pouches
7.3 Sheets
7.4 Rolls
7.5 Other Packagings
8 Global Volatile Corrosion Inhibitor (VCI) Film Market, By Functionality
8.1 Introduction
8.2 Single-use Films
8.3 Reusable Films
9 Global Volatile Corrosion Inhibitor (VCI) Film Market, By Application
9.1 Introduction
9.2 Automotive
9.3 Electronics & Electrical
9.4 Aerospace
9.5 Metal Processing
9.6 Construction
9.7 Other Applications
10 Global Volatile Corrosion Inhibitor (VCI) Film Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Aicello Corporation
12.2 Armor Protective Packaging
12.3 Branopac
12.4 Cortec
12.5 Daubert Cromwell, Inc.
12.6 Harita-NTI Ltd.
12.7 MetPro Group
12.8 Nantong Yongyu Anti-Rust
12.9 Nokstop Chem
12.10 Propagroup
12.11 Shenyang VCI
12.12 Superior Industries, Inc.
12.13 Zavenir Daubert
12.14 Crayex Corporation
12.15 Patkar Extrusiontech (Pvt.) Ltd
12.16 Intertape Polymer Group
List of Tables
1 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Region (2022-2030) ($MN)
2 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Type (2022-2030) ($MN)
3 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Stretch Films (2022-2030) ($MN)
4 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Shrink Films (2022-2030) ($MN)
5 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Polyethylene Films (2022-2030) ($MN)
6 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Other Types (2022-2030) ($MN)
7 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Material (2022-2030) ($MN)
8 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Polyethylene (2022-2030) ($MN)
9 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Polypropylene (2022-2030) ($MN)
10 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Polyvinyl Chloride (2022-2030) ($MN)
11 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Other Materials (2022-2030) ($MN)
12 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Packaging (2022-2030) ($MN)
13 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Bags & Pouches (2022-2030) ($MN)
14 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Sheets (2022-2030) ($MN)
15 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Rolls (2022-2030) ($MN)
16 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Other Packagings (2022-2030) ($MN)
17 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Functionality (2022-2030) ($MN)
18 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Single-use Films (2022-2030) ($MN)
19 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Reusable Films (2022-2030) ($MN)
20 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Application (2022-2030) ($MN)
21 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Automotive (2022-2030) ($MN)
22 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Electronics & Electrical (2022-2030) ($MN)
23 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Aerospace (2022-2030) ($MN)
24 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Metal Processing (2022-2030) ($MN)
25 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Construction (2022-2030) ($MN)
26 Global Volatile Corrosion Inhibitor (VCI) Film Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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